While the possibility of a Facebook initial public offering has been burning up the wires over the past week or so, some actual IPO news surfaced, as content aggregator Demand Media took the next step and filed its IPO plan with the Securities and Exchange Commission, AllThingsD reported.

According to the SEC filing, shares will be priced at $14-$16 apiece, and Demand Media can sell up to 8.625 million, potentially putting the company’s worth at $1.3 billion and raising $138 million, according to AllThingsD.

Demand Media also said in the filing, “We currently anticipate that our aggregate investments in content during the year ending Dec. 31, 2011, will range from $50 million-$75 million,” according to AllThingsD.